Here's what you need to know about GST rates declared so far

If you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional cessET Online | May 19, 2017, 17:00 IST

The Goods and Services Tax (GST) Council has declared tax slabs and cesses on 1,211 items. For services, the council broadly agreed on 4 tax brackets — 5%, 12%, 18% and 28%. Below is a round-up of how the new slabs are going to affect prices of various goods:

Sugar, tea, coffee (barring instant coffee), edible oil, mithai, pizza bread, sevaiya, condensed milk and frozen vegetables will attract a 5 per cent levy. Hair oil, soaps and toothpaste will be charged with a single national sales tax or GST of 18 per cent. Ayurvedic and homoeopathy medicines, agarbatti, umbrella, electric vehicles and mobile phone manufacturing will be taxed at 12 percent

Mobile phones

Most mobile phones may get costlier with the government imposing GST of 12%, taking away the benefit under duty differential that was being offered to local manufacturers. Prices of phones that are imported into India are likely to go down, while those made locally may go up. For mobile phones imported and sold in India, duty was from 17% going upto 27%, which now comes down to 12%. For phones that are manufactured and sold within India, the duty varied from 7.5% to 17%, including the value added tax which varied between 5% to 14.5%. Now that comes to 12% as well.Prices of mobile phones at e-commerce players like Amazon, Flipkart, Snapdeal, Shopclues and others, where sellers of mobile phones have been supplying from low VAT states, primarily Karnataka, may now be higher than earlier.

Vehicles

If you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional cess that will be levied on this category of vehicles under the new tax system. Automobiles will attract 28% GST, with luxury vehicles facing an additional cess of 15%. Similarly, small petrol cars will face 1% cess, while diesel-powered small cars will attract 3% cess. Bigger cars and luxury vehicles are expected to attract a cess of 15 per cent over the base rate of 28 per cent. Motorcycles with engine of more than 350 cc will attract 3 per cent cess and an equal amount of levy will be applying to aircraft for personal use and yachts.

Chewing tobacco

On paan masala, the cess will be 60 per cent, while in tobacco the levy will vary from 71-204 per cent. Scented zarda and filter khaini will attract 160 per cent cess. For pan masala gutkha it would be 204 per cent. The cess would be levied over and above the peak GST rate of 28 per cent. Branded gutkha will be slapped with a cess of 72 per cent, while smoking mixtures for pipes and cigarettes will attract a levy of 290 per cent.

Cigarettes

Filter and non-filter cigarettes not exceeding 65 mm will attract cess of 5 per cent plus Rs 1,591 per 1000 sticks. Non-filter cigarettes exceeding 65 mm but not exceeding 70 mm will attract cess of 5 per cent plus Rs 2,876, that for filter cigarettes the levy is 5 per cent plus Rs 2,126 per thousand sticks. For cigars, a hefty levy of 21 per cent or Rs 4,170 per 1000 sticks, whichever is higher, would be levied. The cesses will be over and above the peak GST rate of 28 per cent.